IAMGOLD Co. (NYSE:IAG) Stock Holdings Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG by 71.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 428,856 shares of the mining company's stock after selling 1,082,472 shares during the quarter. JPMorgan Chase & Co. owned about 0.08% of IAMGOLD worth $2,213,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in IAMGOLD by 2.7% during the third quarter. Geode Capital Management LLC now owns 264,288 shares of the mining company's stock valued at $1,392,000 after purchasing an additional 6,874 shares during the period. Virtu Financial LLC bought a new stake in shares of IAMGOLD during the 3rd quarter valued at about $267,000. DGS Capital Management LLC bought a new stake in IAMGOLD during the fourth quarter worth $110,000. Blue Trust Inc. grew its position in shares of IAMGOLD by 157.1% during the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock valued at $47,000 after acquiring an additional 5,511 shares during the period. Finally, Synergy Asset Management LLC grew its stake in IAMGOLD by 117.3% during the fourth quarter. Synergy Asset Management LLC now owns 50,499 shares of the mining company's stock valued at $274,000 after acquiring an additional 27,262 shares in the last quarter. Institutional investors and hedge funds own 47.08% of the company's stock.

IAMGOLD Trading Up 1.4 %

Shares of NYSE IAG traded up $0.10 during midday trading on Monday, hitting $7.13. 7,889,607 shares of the company traded hands, compared to its average volume of 10,139,071. IAMGOLD Co. has a 12-month low of $3.44 and a 12-month high of $8.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The firm has a market cap of $4.10 billion, a P/E ratio of 4.91 and a beta of 1.52. The stock has a 50-day moving average price of $6.28 and a 200 day moving average price of $5.84.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.05). The company had revenue of $469.90 million during the quarter, compared to analysts' expectations of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. As a group, analysts expect that IAMGOLD Co. will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on IAG shares. Scotiabank increased their target price on IAMGOLD from $6.75 to $7.50 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Raymond James reaffirmed a "market perform" rating and set a $8.00 target price on shares of IAMGOLD in a report on Friday, April 4th. CIBC restated an "outperform" rating on shares of IAMGOLD in a research report on Thursday, March 20th. National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets started coverage on shares of IAMGOLD in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $7.57.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.